Do You Have to Claim Dependents on Your Taxes?
Claiming a dependent on your taxes is a choice, not a requirement. Explore the financial considerations and IRS eligibility rules to make an informed decision.
Investment and Financial Markets
How Does Hurricane Tax Relief Work?
Understand how federal disaster legislation uses the tax system to provide financial aid, offering a pathway to recovery for affected individuals and businesses.
Estate Tax Amnesty Extension: How to Apply
This guide clarifies the process for settling past estate tax obligations through the extended amnesty, enabling the legal transfer of inherited property.
What Are Transfer Pricing Regulations?
Learn about the essential framework governing how multinational businesses price intercompany transactions to ensure global tax compliance and mitigate risk.
What Happens If You Don’t Pay Personal Property Tax in Virginia?
Unpaid Virginia personal property tax triggers escalating enforcement actions, impacting your DMV standing, personal finances, and even the asset itself.
What Is the Transfer Pricing Arm’s Length Principle?
Understand the guiding principle for pricing intercompany transactions, a cornerstone of international tax compliance for multinational enterprises.
Safeguarding Assets With Internal Controls
Learn how a cohesive framework of internal controls provides a systematic approach to protecting your company’s resources and ensuring financial accuracy.
Can You Enroll in Your 401(k) Anytime?
While a valuable tool, 401(k) enrollment isn’t always available. Understand the structured process and timing requirements for joining your retirement plan.
Electric Cars That Qualify for Section 179
For business owners, some electric vehicles may qualify for an accelerated tax deduction due to their specific vehicle classification and weight.
What Is a Contract Asset in Financial Reporting?
Explore how revenue recognition creates a contract asset, a conditional right to payment that precedes an accounts receivable on the balance sheet.
SSAP 97: Accounting for Subsidiary & Affiliate Investments
Discover how SSAP 97 provides the framework for insurers to value subsidiary and affiliate investments, ensuring compliance and accurate solvency assessment.
Rev. Rul. 82-34 & the Continuity of Business Enterprise
Explore the tax doctrine governing business continuity after a merger, a key factor that distinguishes a true reorganization from a taxable sale of assets.
Does Rhode Island Accept a Federal Extension?
Learn how a federal extension automatically extends your Rhode Island tax filing deadline and what your separate payment obligations are to avoid penalties.
Why Are Taxes in New Jersey So High?
Understand the foundational reasons for New Jersey’s high taxes by exploring how government structure and historical spending decisions shape the state’s tax burden.
What Are Nondeductible Business Expenses?
Not all business costs are deductible. Learn how IRS rules distinguish between fully disallowed expenses, costs with limits, and assets depreciated over time.
ASC 825-10: The Fair Value Option for Financial Instruments
ASC 825-10 provides a strategic election to measure financial instruments at fair value, a key tool for managing accounting-driven earnings volatility.
Roth 401(k) vs. Roth IRA: What’s the Difference?
While both offer tax-free retirement growth, a Roth 401(k) and Roth IRA have key structural differences that affect your savings and investment autonomy.
ASC 310-45: Former Rules for Troubled Debt Restructuring
Explore the superseded standard for troubled debt to understand how credit impairment measurement has evolved from an incurred to an expected loss approach.
Income Averaging for Retirees: Rules and Alternatives
Though general income averaging was repealed, certain tax rules and planning strategies can help retirees effectively manage tax liability on variable income.
NRE Account Tax: Is Interest Income Taxable?
While NRE account interest is tax-exempt in India, your global tax liability depends on your residential status and country’s specific laws.